The bow that came with this has very little hair so a new bow is being supplied. Violin has been fitted with Thomastik Vision strings. The violin has some minor cosmetic damage which is pictured. The case has very minor signs of wear. A block of Hidersine Junior rosin will also be supplied.
No this is not a huge reduction from the standard new price. The Vision strings alone, however, would cost you £36.59 from the cheapest source I know and the cosmetic damage is trivial. In short, a good buy for a discerning buyer because those strings make quite a difference to the sound.